After Divorcing Billionaire Du Weimin Yuan Liping Is Now A Billionaire Herself With 3 Billion Worth Of Stock

Those shares have surged in value by some 60 percent in recent months, due to Shenzhen Kangtai’s position as one of the many companies in the world currently working on a coronavirus vaccine and stock market speculators bet on their being successful. And Yuan’s shares, which thanks to the divorce she now owns outright, are collectively worth over $3 billion. Money like that always has to come from somewhere, so it stands to reason that Du’s net worth has seen an equivalent drop, going from $6.5 billion to $3.1 billion. However, the terms of the split dictated that the voting rights associated with those shares remain under Du’s control. Du has had a long career in the biotech business, and has been chairman of Shenzhen Kangtai since 2009, when Minhai, the pharmaceutical company he founded in 2004, was acquired by the larger firm.